Warner Bros., MGM invest in mobile gaming company Kabam

Warner Bros. and MGM said Tuesday that they are investing in the social and mobile gaming company Kabam Inc.

Warner Bros. and Kabam already teamed up in September to announce two games based on The Hobbit. The Hobbit, Kingdoms of Middle-earth launched last week, while The Hobbit: Armies of the Third Age will launch early next year, notes Variety.

According to Reuters, Kabam is best known for the Kingdoms of Camelot games and competes with Zynga and Kixeye.

As part of the deals with Warner Bros. and MGM, WB Home Entertainment president Kevin Tsujihara will join Kabam’s board of directors and MGM CEO Gary Barber will be an observer on the board.

“We partnered with Kabam almost a year ago to deliver incredible games for The Hobbit trilogy, arguably one of the top intellectual properties in the world,” Tsujihara said in a statement. “As we worked with Kabam, it became clear that a closer, more strategic partnership made sense for us both. Kabam is a leader in the industry and we look forward to being a part of their continued growth.”

Time Warner, which owns Warner Bros., has previously invested in gaming companies CrowdStar and Trion Worlds. MGM has its own interactive department that has published games based on RoboCop and Skyfall.

MGM is also a co-producer on The Hobbit films with Warner Bros. and New Line.

Kabam also has The Godfather: Five Families game, which is based on the Paramount franchise.